The Vietnam Leather, Footwear and Handbag Association has invited Skechers to study the possibility of investing in the country’s northern province of Hai Duong, according to association chairman Nguyen Duc Thuan.
As reports of e-commerce firms selling counterfeit products on their platform emerge in the media, leading etailers have strongly refuted the allegations stating that they follow a zero tolerance policy.
E-commerce firm Flipkart is in troubled waters as California based footwear company Skechers has filed a case against Flipkart and its sellers for selling counterfeit Skechers products on its platform.
Skechers India has set its sights on becoming a 1,000 crore rupee brand (approximately 150 million US dollars) and on reaching 500 crore revenue (approximately 75 million dollars) by the end of December this year.
Adidas has agreed to an out-of-court settlement in a recent trademark case arising from the brands' long-term disputes concerning Adidas' allegations that Forever21 is wrongfully using the registered "three stripe" mark.
American footwear giant Skechers is expecting its India sales to touch Rs 500 crore (approx $77.3 million) in the current financial year and will launch its full range of apparel & accessories collection in India.